Wakamiru Wakamiru
@WWakamiru
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Gold returns outpacing stock market returns this year as geopolitical tensions and the dedollarisation shenanigans continue to drive gold demands by reserve managers up. Are you looking to invest offshore? Let's talk.
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7/7 Opportunities are always out there, stay informed, and invest wisely. #investing #gold #finance #diversification #PersonalFinance #Nasdaq #gld
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6/7 Diversify your investments. Gold can be a valuable part of a diversified portfolio. But don't stop there.
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5/7 πΉ In the NSE, the Absa New Gold ETF is available. You can invest in it through your NSE stockbroker.
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4/7 πͺ Gold ETFs have delivered returns similar to those of gold itself and are the easiest and cheapest way to invest in gold.
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3/7 π‘ "However, the intelligent investor avoids investing directly in gold due to its high storage and insurance costs. Instead, they seek out well-diversified mutual funds that specialize in the stocks of precious metal companies." - Benjamin Graham
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2/7 π¦ This surge can be attributed to central banks around the world stocking up on gold as discussions about de-dollarization intensify. Gold is increasingly being used as a reserve asset.
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Investing in Gold: An Overview π§΅ 1/7 π The price of gold has risen by 69.58% over the last five years, translating to an annualized return of 13.9% per year.
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6/ Earnings Hits and Misses - AMD reported revenue growth but faced market backlash, a common trend with AI-related companies. - Apple exceeded expectations, bouncing back from recent market concerns about lost market share.
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5/ Earnings Hits and Misses: - Amazon saw impressive Q1 revenue growth, driven by AWS and the introduction of Amazon Q. - Eli Lilly beat EPS estimates but fell short on revenue, leading to a drop in share price.
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4/ Key US Economic Data: The Fed kept rates unchanged, leading to market fluctuations. Job data showed modest growth with 175K jobs added to the economy.
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3/ Bills and Bonds: Treasury auctions saw mixed results. While bids fell short on fixed coupon bonds, interest rates held steady. Keep an eye out for potential IFBs.
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2/ NSE Performance: The NSE 20 index took a hit, dropping by 1.3% as banking counters closed their books. Now might be the time to snag some discounted stocks.
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1/ The week that was: Inflation dropped, but don't celebrate just yet. While prices may not be rising as fast, it's the 95% that truly drives the economy. Non-food, non-fuel spending remains muted due to low demand.
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This week, we witnessed book closure dates for NCBA, Absa, & COOP. Following the closure of dividends, there's been a decline in the prices of these stocks. This shows the impact of book closure & corporate actions on stock prices. Attached is the COOP share price over 3 yrs.
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Aggressive bids worth 4B were rejected. Treasury vs. institutional investors: Treasury proposing to limit infrastructure bonds to retail investors only. My take: Cutting rates by reducing borrowing is the sustainable solution. #Treasury #Bonds #Investing #Economics #Finance
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Treasury's recent bond auction results: π° Target: 25 billion π° Bids received: 14.9 billion π° Accepted bids: 10.9 billion π° Non-competitive bids: 8.4 billion π° Weighted average yield: 16.2% (vs. 16.5% in March)
Results of Ten Year Re-Opened Treasury Bond Issue No. FXD1/2024/10 dated 06/05/2024 https://t.co/OP355dTOtb
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Am Wakamiru A personal finance trainer, come to our May Personal Finance Class
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Disclaimer: Not investment advice. Assess your financial situation before high-risk investments. "The investor knows ahead of time whatβs likely to be moving, whereβs it going, and why." π
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